Understanding Mortgage Insurance

One couple interested in buying their first home meet Teresa Bryce Bazemore, President of Radian Guaranty, a provider of private mortgage insurance. Teresa is just the person to answer questions regarding their first home mortgage. After defining mortgage insurance, Teresa explains the difference between the Federal Housing Administration insuring a loan compared to Private Mortgage Insurance.

Importantly, she explains how to select the plan that is right for you and understanding mortgage insurance. She also takes our potential home owners through the process typical for a first time home buyer to obtain private MI. If you are considering buying your first home, this segment of Designing Spaces is a must-see.